Thursday, November 1, 2018

YZJ Shipbldg: A reversal in sight? Price 1.26

Over the past week, we have managed to see some good support coming back at around 1.15..

Buyers seems to be defending this level firmly after the sell down seen 2 weeks back…

A potential rebound on the cards with some upside reversal targets drawn last week..

See back to which level…

Upside targets were reiterated again last week as it starts to consolidate with a temp resistance coming in at 1.25..

Seems like we are seeing some actions above 1.25 today which may see the reversal start to take shape..

Watching closely for more bullish price actions to see if 2nd targets can be hit…

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